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“My appearance (‘Mi comparencia’) will be very brief, but I want to announce that the board of directors this afternoon has made the decision of releasing Carlo Ancelotti as Real Madrid’s coach. As everybody can imagine, this has been a very difficult decision mainly for the board of directors, but as I always say, we aren’t here at Real Madrid to make easy decisions, but to make those decisions that we think are the best for a top global institution”

3. PEREZ AT NEWS CONFERENCE

4. (SOUNDBITE) (Spanish) PEREZ SAYING:

“Obviously we have analysed this from all possible angles but, as I said before, this position is not easy and neither is that of my colleagues from the board of directors. So if we are aware that we need a new impulse, we are responsible for finding it”

5. PEREZ AT NEWS CONFERENCE

STORY: Real Madrid have sacked coach Carlo Ancelotti after the world’s richest club by income failed to win major silverware this season, President Florentino Perez said on Monday (May 22).

“My appearance (‘Mi comparencia’) will be very brief, but I want to announce that the board of directors this afternoon has made the decision of releasing Carlo Ancelotti as Real Madrid’s coach. As everybody can imagine, this has been a very difficult decision mainly for the board of directors, but as I always say, we aren’t here at Real Madrid to make easy decisions, but to make those decisions that we think are the best for a top global institution,” Perez told a news conference.

“Obviously we have analysed this from all possible angles but, as I said before, this position is not easy and neither is that of my colleagues from the board of directors. So if we are aware that we need a new impulse, we are responsible for finding it,” Perez added.

Ancelotti, who had a three-year contract that was due to run until the end of next season, led Real to a record-extending 10th European crown and a King’s Cup triumph in his first term in charge in 2013-14.

However, this season they were eliminated in the Champions League semi-finals by Juventus, while Barcelona won La Liga.

Real also lost to Atletico Madrid in the King’s Cup last 16 in January.